Real EstateReal Estate2

Land Is in Demand: Land Purchases Pick Up During Pandemic

By 6 April, 2021 No Comments

“The nation’s leading land brokers report both an increase in business and an uptick in land values as rural land grew in demand last year, according to a new survey of more than 100 land brokers nationwide conducted by the National Land Realty, a real estate land brokerage. 2021 is poised to be another strong year for land purchases, the report says.”

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Mortgage Rates Rise to 3-Month High

“Economic spending has improved, due to the most recent stimulus, but supply chain shortages are causing downstream inflation, leading to higher mortgage rates.”

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Buyers Snatch Up New Listings as Quickly as They’re Available

“Home sales continued to ascend in the first month of the year, as buyers quickly snatched up virtually every new listing coming on the market. Seventy-one percent of homes sold in January were on the market for less than a month.”

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New Under Contract

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